vs
波尔公司（BALL）与梅西百货（M）财务数据对比。点击上方公司名可切换其他公司
梅西百货的季度营收约是波尔公司的1.3倍（$4.7B vs $3.6B），波尔公司净利率更高（5.7% vs 0.2%，领先5.5%），波尔公司同比增速更快（16.3% vs -0.6%），梅西百货自由现金流更多（$-101.0M vs $-938.0M），过去两年波尔公司的营收复合增速更高（10.3% vs -23.8%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
梅西百货是美国知名百货控股集团，1929年成立时名为联合百货，最初持有Abraham & Straus、Lazarus等多个区域连锁百货品牌，次年布鲁明戴尔正式加入。集团早年频繁开展资产并购与剥离，1994年收购1858年创立的老牌百货梅西，随后更名并发展为美国头部百货零售企业。
BALL vs M — 直观对比
营收规模更大
M
是对方的1.3倍
$3.6B
营收增速更快
BALL
高出16.9%
-0.6%
净利率更高
BALL
高出5.5%
0.2%
自由现金流更多
M
多$837.0M
$-938.0M
两年增速更快
BALL
近两年复合增速
-23.8%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $4.7B |
| 净利润 | $205.0M | $11.0M |
| 毛利率 | — | 39.4% |
| 营业利润率 | — | 0.9% |
| 净利率 | 5.7% | 0.2% |
| 营收同比 | 16.3% | -0.6% |
| 净利润同比 | 14.5% | -60.7% |
| 每股收益（稀释后） | $0.77 | $0.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BALLM
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.3B | $4.7B | ||
| Q3 25 | $3.4B | $4.8B | ||
| Q2 25 | $3.3B | $4.6B | ||
| Q1 25 | $3.1B | $7.8B | ||
| Q4 24 | $2.9B | $4.7B | ||
| Q3 24 | $3.1B | $4.9B | ||
| Q2 24 | $3.0B | $4.8B |
净利润BALLM
| Q1 26 | $205.0M | — | ||
| Q4 25 | $200.0M | $11.0M | ||
| Q3 25 | $321.0M | $87.0M | ||
| Q2 25 | $215.0M | $38.0M | ||
| Q1 25 | $179.0M | $342.0M | ||
| Q4 24 | $-30.0M | $28.0M | ||
| Q3 24 | $199.0M | $150.0M | ||
| Q2 24 | $159.0M | $62.0M |
毛利率BALLM
| Q1 26 | — | — | ||
| Q4 25 | — | 39.4% | ||
| Q3 25 | — | 39.7% | ||
| Q2 25 | — | 39.2% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | — | 39.6% | ||
| Q3 24 | 17.7% | 40.5% | ||
| Q2 24 | 16.5% | 39.2% |
营业利润率BALLM
| Q1 26 | — | — | ||
| Q4 25 | 7.2% | 0.9% | ||
| Q3 25 | 11.6% | 3.1% | ||
| Q2 25 | 8.0% | 2.0% | ||
| Q1 25 | 7.4% | 6.4% | ||
| Q4 24 | 0.2% | 1.3% | ||
| Q3 24 | 7.4% | 4.5% | ||
| Q2 24 | 6.8% | 2.6% |
净利率BALLM
| Q1 26 | 5.7% | — | ||
| Q4 25 | 6.0% | 0.2% | ||
| Q3 25 | 9.5% | 1.8% | ||
| Q2 25 | 6.4% | 0.8% | ||
| Q1 25 | 5.8% | 4.4% | ||
| Q4 24 | -1.0% | 0.6% | ||
| Q3 24 | 6.5% | 3.0% | ||
| Q2 24 | 5.4% | 1.3% |
每股收益（稀释后）BALLM
| Q1 26 | $0.77 | — | ||
| Q4 25 | $0.73 | $0.04 | ||
| Q3 25 | $1.18 | $0.31 | ||
| Q2 25 | $0.76 | $0.13 | ||
| Q1 25 | $0.63 | $1.22 | ||
| Q4 24 | $0.23 | $0.10 | ||
| Q3 24 | $0.65 | $0.53 | ||
| Q2 24 | $0.51 | $0.22 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $730.0M | $447.0M |
| 总债务越低越好 | $7.0B | $2.4B |
| 股东权益账面价值 | $5.6B | $4.3B |
| 总资产 | $19.8B | $17.1B |
| 负债/权益比越低杠杆越低 | 1.25× | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资BALLM
| Q1 26 | $730.0M | — | ||
| Q4 25 | $1.2B | $447.0M | ||
| Q3 25 | $568.0M | $829.0M | ||
| Q2 25 | $296.0M | $932.0M | ||
| Q1 25 | $449.0M | $1.3B | ||
| Q4 24 | $885.0M | $315.0M | ||
| Q3 24 | $1.4B | $646.0M | ||
| Q2 24 | $1.3B | $876.0M |
总债务BALLM
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $2.4B | ||
| Q3 25 | $6.9B | $2.4B | ||
| Q2 25 | $6.5B | $2.8B | ||
| Q1 25 | $6.1B | $2.8B | ||
| Q4 24 | $5.3B | $2.8B | ||
| Q3 24 | $5.4B | $3.0B | ||
| Q2 24 | $5.5B | $3.0B |
股东权益BALLM
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.4B | $4.3B | ||
| Q3 25 | $5.4B | $4.5B | ||
| Q2 25 | $5.2B | $4.5B | ||
| Q1 25 | $5.5B | $4.6B | ||
| Q4 24 | $5.9B | $4.1B | ||
| Q3 24 | $6.7B | $4.3B | ||
| Q2 24 | $6.9B | $4.2B |
总资产BALLM
| Q1 26 | $19.8B | — | ||
| Q4 25 | $19.5B | $17.1B | ||
| Q3 25 | $18.7B | $15.6B | ||
| Q2 25 | $18.6B | $16.1B | ||
| Q1 25 | $18.0B | $16.4B | ||
| Q4 24 | $17.6B | $17.3B | ||
| Q3 24 | $18.8B | $15.8B | ||
| Q2 24 | $19.0B | $16.4B |
负债/权益比BALLM
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.29× | 0.56× | ||
| Q3 25 | 1.26× | 0.55× | ||
| Q2 25 | 1.24× | 0.62× | ||
| Q1 25 | 1.12× | 0.61× | ||
| Q4 24 | 0.91× | 0.67× | ||
| Q3 24 | 0.80× | 0.70× | ||
| Q2 24 | 0.80× | 0.72× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-8.0M |
| 自由现金流经营现金流 - 资本支出 | $-938.0M | $-101.0M |
| 自由现金流率自由现金流/营收 | -26.0% | -2.1% |
| 资本支出强度资本支出/营收 | 4.5% | 2.0% |
| 现金转化率经营现金流/净利润 | — | -0.73× |
| 过去12个月自由现金流最近4个季度 | $596.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流BALLM
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $-8.0M | ||
| Q3 25 | $384.0M | $319.0M | ||
| Q2 25 | $332.0M | $-64.0M | ||
| Q1 25 | $-665.0M | $1.3B | ||
| Q4 24 | $500.0M | $-167.0M | ||
| Q3 24 | $610.0M | $8.0M | ||
| Q2 24 | $252.0M | $129.0M |
自由现金流BALLM
| Q1 26 | $-938.0M | — | ||
| Q4 25 | $1.0B | $-101.0M | ||
| Q3 25 | $257.0M | $240.0M | ||
| Q2 25 | $236.0M | $-164.0M | ||
| Q1 25 | $-746.0M | $1.2B | ||
| Q4 24 | $393.0M | $-295.0M | ||
| Q3 24 | $493.0M | $-109.0M | ||
| Q2 24 | $146.0M | $-25.0M |
自由现金流率BALLM
| Q1 26 | -26.0% | — | ||
| Q4 25 | 31.1% | -2.1% | ||
| Q3 25 | 7.6% | 5.0% | ||
| Q2 25 | 7.1% | -3.6% | ||
| Q1 25 | -24.1% | 15.3% | ||
| Q4 24 | 13.6% | -6.2% | ||
| Q3 24 | 16.0% | -2.2% | ||
| Q2 24 | 4.9% | -0.5% |
资本支出强度BALLM
| Q1 26 | 4.5% | — | ||
| Q4 25 | 5.1% | 2.0% | ||
| Q3 25 | 3.8% | 1.6% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | 2.6% | 1.5% | ||
| Q4 24 | 3.7% | 2.7% | ||
| Q3 24 | 3.8% | 2.4% | ||
| Q2 24 | 3.6% | 3.2% |
现金转化率BALLM
| Q1 26 | — | — | ||
| Q4 25 | 6.05× | -0.73× | ||
| Q3 25 | 1.20× | 3.67× | ||
| Q2 25 | 1.54× | -1.68× | ||
| Q1 25 | -3.72× | 3.82× | ||
| Q4 24 | — | -5.96× | ||
| Q3 24 | 3.07× | 0.05× | ||
| Q2 24 | 1.58× | 2.08× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BALL
| Beverage packaging, North and Central America | $1.8B | 49% |
| Beverage packaging, EMEA | $1.1B | 31% |
| Beverage packaging, South America | $585.0M | 16% |
| Other | $131.0M | 4% |
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
